Energy Recovery, Inc. (NASDAQ:ERII) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its position in Energy Recovery, Inc. (NASDAQ:ERII) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,718 shares of the industrial products company’s stock after selling 9,195 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Energy Recovery were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Energy Recovery by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 81,902 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 1,083 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Energy Recovery by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,205 shares of the industrial products company’s stock valued at $8,275,000 after buying an additional 5,550 shares during the period. BNP Paribas Financial Markets lifted its position in Energy Recovery by 6.5% during the fourth quarter. BNP Paribas Financial Markets now owns 77,224 shares of the industrial products company’s stock valued at $1,455,000 after buying an additional 4,729 shares in the last quarter. Jump Financial LLC purchased a new stake in Energy Recovery during the fourth quarter worth approximately $858,000. Finally, Principal Financial Group Inc. increased its position in shares of Energy Recovery by 26.4% in the fourth quarter. Principal Financial Group Inc. now owns 19,632 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 4,099 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Insider Activity

In related news, CTO Farshad Ghasripoor sold 4,079 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.63, for a total value of $59,675.77. Following the completion of the transaction, the chief technology officer now owns 137,487 shares of the company’s stock, valued at $2,011,434.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider William Yeung sold 2,012 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $14.63, for a total value of $29,435.56. Following the sale, the insider now owns 85,291 shares in the company, valued at approximately $1,247,807.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Farshad Ghasripoor sold 4,079 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.63, for a total transaction of $59,675.77. Following the transaction, the chief technology officer now directly owns 137,487 shares in the company, valued at approximately $2,011,434.81. The disclosure for this sale can be found here. Insiders sold 8,444 shares of company stock worth $123,536 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James raised Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 9th.

Energy Recovery Trading Up 1.2 %

ERII opened at $15.49 on Thursday. Energy Recovery, Inc. has a twelve month low of $12.26 and a twelve month high of $24.72. The firm has a market cap of $894.08 million, a price-to-earnings ratio of 45.56 and a beta of 1.22. The company has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $14.66.

Energy Recovery Profile

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.